- Caterpillar ( NYSE: CAT ) is scheduled to announce Q3 earnings results on Thursday, October 27th, before market open.
- The consensus EPS Estimate is $3.16 (+18.8% Y/Y) and the consensus Revenue Estimate is $14.38B (+16.0% Y/Y).
- Over the last 2 years, CAT has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.
- Over the last 3 months, EPS estimates have seen 8 upward revisions and 12 downward. Revenue estimates have seen 7 upward revisions and 6 downward.
- Caterpillar ( CAT ), the construction machinery and heavy trucks company, recently announced its CEO Jim Umpleby will continue in the position beyond the retirement age of 65, falling in Feb. 2023.
- In the second quarter, the company reported better than expected Q2 adjusted earnings while revenues rose 11% Y/Y to $14.2B but were slightly short of consensus, as higher sales volume and favorable pricing were partially offset by unfavorable currency impacts primarily related to the euro, Australian dollar and Japanese yen.
- This week, Caterpillar is set to display prototypes for four electric machines that don't emit greenhouse gasses at at the Bauma 2022 trade show in Munich, Germany.
- The Industrial Select Sector SPDR ETF (NYSEARCA: XLI ), whose holdings include big-cap industrial stocks, gained about 1.4% by mid-day Wednesday.
- Morgan Stanley quant screen has chosen Caterpillar ( CAT ) as a dividend stock to avoid while chemical companies like Eastman Chemical ( EMN ), LyondellBasell ( LYB ), and Linde ( LIN ) were among the stocks to own.
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For further details see:
Caterpillar Q3 2022 Earnings Preview